SUMMARY PROSPECTUS
Lord Abbett International Value Fund
MARCH 1, 2025
CLASS/TICKER
CLASS A ............
LIDAX
CLASS I...........
LAIDX
CLASS R5 .......
LIRTX
CLASS C............
LIDCX
CLASS R2 .......
LIDRX
CLASS R6 .......
LIRVX
CLASS F ............
LIDFX
CLASS R3 .......
LIRRX
CLASS F3 ..........
LIDOX
CLASS R4 .......
LIRSX
Before you invest, you may want to review the Fund’s prospectus and statement of additional
information, which contain more information about the Fund and its risks. You can find the
Fund’s prospectus, statement of additional information and other information about the Fund at
www.lordabbett.com/documentsandliterature. You can also get this information at no cost by
calling 888-522-2388 (Option #2) or by sending an email request to literature@lordabbett.com.
The current prospectus and statement of additional information dated March 1, 2025 as may be
supplemented from time to time, are incorporated by reference into this summary prospectus.
SUMMARY – International Value Fund
2
INVESTMENT OBJECTIVE
The Fund’s investment objective is to seek a high level of total return.
FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy, hold, and
sell shares of the Fund.
You may pay other fees, such as brokerage commissions
and other fees to financial intermediaries, which are not reflected in the tables
and examples below.
You may qualify for sales charge discounts if you and certain
members of your family invest, or agree to invest in the future, at least $50,000 in
the Lord Abbett Family of Funds. More information about these and other discounts
is available from your financial intermediary and in “Sales Charge Reductions and
Waivers” on page 231 of the prospectus, Appendix A to the prospectus, titled
“Intermediary-Specific Sales Charge Reductions and Waivers,” and “Purchases,
Redemptions, Pricing, and Payments to Dealers” on page 9-1 of Part II of the
statement of additional information (“SAI”).
Shareholder Fees
(1)
(Fees paid directly from your investment)
Class
A
C
F, F3, I, R2, R3, R4, R5, and R6
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
5.75%
None
None
Maximum Deferred Sales Charge (Load)
(as a percentage of offering price or redemption
proceeds, whichever is lower)
None
(2)
1.00%
(3)
None
Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment)
Class
A
C
F
F3
I
Management Fees
0.50%
0.50%
0.50%
0.50%
0.50%
Distribution and Service (12b-1) Fees
0.25%
1.00%
0.10%
None
None
Other Expenses
0.24%
0.24%
0.24%
0.16%
0.24%
Total Annual Fund Operating Expenses
0.99%
1.74%
0.84%
0.66%
0.74%
SUMMARY – International Value Fund
3
Annual Fund Operating Expenses
(continued)
(Expenses that you pay each year as a percentage of the value of your investment)
Class
R2
R3
R4
R5
R6
Management Fees
0.50%
0.50%
0.50%
0.50%
0.50%
Distribution and Service (12b-1) Fees
0.60%
0.50%
0.25%
None
None
Other Expenses
0.24%
0.24%
0.24%
0.24%
0.16%
Total Annual Fund Operating Expenses
1.34%
1.24%
0.99%
0.74%
(4)
0.66%
(1)
A shareholder transacting in share classes without a front-end sales charge may be required to pay a commission to its
financial intermediary. Please contact your financial intermediary for more information about whether such a commission
may apply to your transaction.
(2)
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on certain Class A shares purchased or
acquired without a sales charge if they are redeemed before the first day of the month in which the one-year anniversary
of the purchase falls.
(3)
A CDSC of 1.00% may be assessed on Class C shares if they are redeemed before the first anniversary of their
purchase.
(4)
These amounts have been updated from fiscal year amounts to reflect current fees and expenses.
Example
This Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The Example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares
at the end of those periods. The Example also assumes that your investment has a
5% return each year and that the Fund’s operating expenses remain the same. Class
C shares automatically convert to Class A shares after eight years. The expense
example for Class C shares for the ten-year period reflects the conversion to Class A
shares. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
Class
If Shares Are Redeemed
If Shares Are Not Redeemed
1 Year
3 Years
5 Years
10 Years
1 Year
3 Years
5 Years
10 Years
Class A Shares
$
670
$
872
$
1,091
$
1,718
$
670
$
872
$
1,091
$
1,718
Class C Shares
$
277
$
548
$
944
$
1,853
$
177
$
548
$
944
$
1,853
Class F Shares
$
86
$
268
$
466
$
1,037
$
86
$
268
$
466
$
1,037
Class F3 Shares
$
67
$
211
$
368
$
822
$
67
$
211
$
368
$
822
Class I Shares
$
76
$
237
$
411
$
918
$
76
$
237
$
411
$
918
Class R2 Shares
$
136
$
425
$
734
$
1,613
$
136
$
425
$
734
$
1,613
Class R3 Shares
$
126
$
393
$
681
$
1,500
$
126
$
393
$
681
$
1,500
Class R4 Shares
$
101
$
315
$
547
$
1,213
$
101
$
315
$
547
$
1,213
Class R5 Shares
$
76
$
237
$
411
$
918
$
76
$
237
$
411
$
918
Class R6 Shares
$
67
$
211
$
368
$
822
$
67
$
211
$
368
$
822
Portfolio Turnover.
The Fund pays transaction costs, such as commissions, when it
buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when Fund
SUMMARY – International Value Fund
4
shares are held in a taxable account. These costs, which are not reflected in the
annual fund operating expenses or in the example, affect the Fund’s performance.
During the most recent fiscal year, the Fund’s portfolio turnover rate was 54% of the
average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund invests in a diversified portfolio of equity securities of foreign companies
that the Fund believes are undervalued. The Fund’s portfolio management team
seeks to invest in value stocks of companies of any size that it believes to be
undervalued according to certain financial measurements of intrinsic worth or
business prospects and have the potential to provide total return.
Equity securities in which the Fund may invest include common stocks, preferred
stocks, equity interests in trusts (including real estate investment trusts and privately
offered trusts), partnerships, joint ventures, limited liability companies and vehicles
with similar legal structures, other instruments convertible or exercisable into the
foregoing, and other investments with similar economic characteristics.
The Fund invests in foreign companies whose securities may be traded on U.S. or
non-U.S. securities exchanges, may be denominated in the U.S. dollar or other
currencies, and may include American Depositary Receipts (“ADRs”) and other
similar depositary receipts. Although the Fund is not required to hedge its exposure
to any currency, it may choose to do so. The Fund may invest without limitation in
foreign companies organized or operated in emerging market countries. The Fund
also may invest in U.S. companies.
Consistent with its investment objective and policies, the Fund may invest in
derivatives. The Fund may use derivatives for risk management purposes, including
to hedge against a decline in the value of certain investments and to adjust the
investment characteristics of its portfolio. The Fund also may invest in derivatives
for non-hedging purposes to increase its investment return or income. For example,
the Fund may manage cash by investing in futures or other derivatives that provide
efficient short-term investment exposure to broad equity markets. Some examples of
the types of derivatives in which the Fund may invest are forward contracts, futures,
options, and swap agreements.
The investment team may also consider the risks and return potential presented by
environmental, social, and governance (“ESG”) factors in investment decisions. The
Fund may sell a security when the Fund believes the security is less likely to benefit
from the current market and economic environment, or shows signs of deteriorating
fundamentals, among other reasons. The Fund may deviate from the investment
strategy described above for temporary defensive purposes. The Fund may miss
certain investment opportunities if defensive strategies are used and thus may not
achieve its investment objective.